Senate Dems Pitch Infrastructure Plan

Senate Democrats on March 6 released a $1 trillion infrastructure plan that would be funded by rolling back numerous tax cuts Republicans pushed through Congress late last year. The plan would return the top individual tax rate to 39.6 percent, raise the top corporate tax rate from 21 percent to 25 percent, and undo the… Read more »

GOP Leaders May Wait on Infrastructure Bill

Congress may need to wait on an infrastructure bill until the lame-duck session, according to House Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA). Last month, the White House rolled out a $1.5 trillion infrastructure plan focused on investments in rural America and letting state and local governments prioritize projects. President Trump suggested he would… Read more »

Treasury Pegs Cost of Tax Bill at $2.3 Trillion

Treasury Department analysts now estimate the 10-year cost of the huge tax law enacted by Congress last year at $2.3 trillion, assuming that tax breaks for individuals will be extended past 2025. According to POLITICO, added revenue generated by the tax cuts themselves would fall short of offsetting the cost of the legislation by between… Read more »

Congress Shapes Omnibus Spending Package

Congress cleared a budget deal earlier this month that sets new caps on how much the government can spend over the next two years, but must still pass an omnibus package next month with detailed spending levels for each federal program for the rest of fiscal 2018, which ends Sept. 30. Top-line funding levels for… Read more »

Trump Rolls Out Infrastructure Plan

The White House this week released a long-awaited plan to overhaul the nation’s infrastructure, focused on investments in rural America and letting state and local governments prioritize projects. The $1.5 trillion plan includes a $200 billion investment from the federal government, which President Trump said will “strengthen the economy, make our country more competitive, reduce… Read more »